US ‘very close’ to TikTok deal with China: US Treasury chief
The United States is “very close” to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talks in Madrid. Bessent and Chinese Vice Premier He Lifeng opened the latest round of discussions in Madrid on Sunday, seeking to narrow differences on […]
World’s first humanoid robot games begin in China
The world’s first-ever humanoid robot games began Friday in Beijing, with over 500 androids alternating between jerky tumbles and glimpses of real power as they compete in events from the 100-metre hurdles to kung fu. Hundreds of robotics teams from 16 countries are going for gold at the Chinese capital’s National Speed Skating Oval, built […]
China says trade jumped in July, beating forecasts
China’s exports beat expectations and rose 7.2 percent year-on-year in July, official data showed Thursday, as overseas shipments buoyed its struggling economy even as it navigated a shaky trade war truce with the United States. The two economic superpowers agreed in Stockholm last month to hold further talks on extending the tariff truce. That deal […]
US unveils new port fees for Chinese-linked ships
The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China’s dominance in the sector. The move — which stems from a probe launched under the prior administration — comes as the United States and China are locked in a […]
China’s manufacturing backbone feels Trump trade war pinch
Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week — with some fearing business may never return. China’s vast southern province of Guangdong, crisscrossed with factories making everything from clothing to electronics, has long been the country’s biggest manufacturing hub. For decades, […]
China’s telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei said Monday its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies. Huawei Technologies reported 62.6 billion yuan ($8.6 billion) in net profit last year, down from 87 billion yuan the year before. Its revenue jumped 22% to $118.2 billion, with […]
Clock ticking down to Trump tariffs on Canada, Mexico, China
Time is running short for Canada, Mexico and China to avert sweeping tariffs announced by US President Donald Trump, with the planned levies to take effect past midnight over what he deems an “unacceptable” flow of drugs. Trump unveiled — then paused — blanket tariffs on imports from his country’s major trading partners Canada and […]
Writing on the wall as Chinese businesses fret over US trade war
At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday. President Donald Trump on Monday doubled previously imposed tariffs to 20 percent, which themselves pile atop existing levies on various Chinese goods. […]
